Canarys Automations Ltd. · NSE:CANARYS
Canarys Automations — FY2024 Earnings Presentation
38 slides from Canarys Automations's earnings presentation, Jun 27, 2024
Slide 1: Cover letter to NSE: Investor Presentation for Earnings Call
Canarys Automations Limited (formerly known as Canarys Automations Private Limited) Regd. Off.: # 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara, Banashankari 3rd Stage, Bengaluru-560085, Karnataka. INDIA. CIN: L31101KA1991PLC012096 Phone: +91-80-2679 9915; e-mail: fin@ecanarys.com;
Slide 2: Earnings Call 27 Jun 2024
EARNINGS CALL 27 JUN 2024 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 3: Agenda
AGENDA Business Overview 3-4 Technology Solutions Business 5-7 WRM Solutions Business 8 - 12 2023-24 Highlights 13 - 21 New Logos & Solutions Latest Updates Order Booking & Revenue Details Our Value Proposition 22 - 27 Financials 28 - 32 Our Focus & Growth Strategy 33 - 36 2 © Canarys Automations Lt
Slide 4: Business Overview
BUSINESS OVERVIEW 3 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 5: Canarys Group Business Overview
CANARYS GROUP BUSINESS OVERVIEW Canarys is a leading IT solutions & consulting company specialized in providing Technology Business Highlights Solutions and Water Resource management Solutions to clients across the world 30+ 120 Years experience Projects handled (FY24) WATER TECHNOLOGY A B MANAGEMEN
Slide 6: Technology Solutions
TECHNOLOGY SOLUTIONS 5 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 7: Digital Transformation Offerings
DIGITAL TRANSFORMATION OFFERINGS Leading integrated digital transformation solutions company Digitalization Modernization Cloudification Automation Transformation Intelligence ▪ Digitization ▪ Application ▪ Application Migration ▪ Robotic Process ▪ Application Portfolio ▪ Traditional AI & ML Moderni
Slide 8: Proprietary Products and Solutions, Listed on Canarys & Partner Stores
PROPRIETARY PRODUCTS AND SOLUTIONS, LISTED ON CANARYS & PARTNER STORES DevOps SmartBoard Copy Project Canarys Redmine to Custom dashboard solution Helps to copy the projects Azure DevOps Migrator for Azure DevOps users from one organization to Allows to migrate the data another and from on-premise (
Slide 9: Water Resource Management Solutions
WATER RESOURCE MANAGEMENT SOLUTIONS 8 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 10: Robust Suite of Water Management Technology Solutions
ROBUST SUITE OF WATER MANAGEMENT TECHNOLOGY SOLUTIONS Our Core WRM Offerings Flood Early Irrigation Canal Water Management Warning Solutions SCADA reservoir Automation for (FEWS) Gate Control Canal Modernization • A system of software • A propreitary package for Urban areas, and hardware • Automated
Slide 11: Market Problems & Canarys Solutions
MARKET PROBLEMS & CANARYS SOLUTIONS Problems faced in existing How are we solving the problems faced in the existing process? water resource management ➢ Absence of real time data acquisition, 1. Analysis of Topology using satellite imagery and digital twin models. communication and collaboration 2.
Slide 12: Technical Solutions Overview
TECHNICAL SOLUTIONS OVERVIEW Monitoring - IoT based Station At remote Sites GSM/GPRS /VSAT Tele Transmit data Q, H, Vm, Rainfall, Temp, Humidity, Wind speed, etc. Phone and computer Software for officers' information and actions, process automation, early warning and Control Devices / pump Experts &
Slide 13: Technical Solutions Example
TECHNICAL SOLUTIONS EXAMPLE Work Name: Establishment of Flood warning system, control and command center including Design, Supply, Installation and commissioning (Fully integrated system, comprising of GIS based rainfall, storm water Modelling, flood visualization simulation data acquisition, data a
Slide 14: 2023-24 Highlights
2023-24 Highlights, New Logos & Solutions Latest Updates Order Booking & Revenue Details 13 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 15: Latest Updates
LATEST UPDATES Went Public and Listed under NSE Emerge in Oct 2023. Higher Solution Revenue & User base : 10 Solutions Released, increasing to 25+ solutions at Canarys & Partner marketplaces Penetration in new market segments : 78 New Logos, 3 New Domains Entered into a “Non-Binding Term Sheet” to a
Slide 16: New Logos & New Domains
NEW LOGOS & NEW DOMAINS Retail Automotive 7 Aviation 2 2 Petrochemical BFSI 2 78 10 Mining Healthcare 1 5 Infrastructure 3 4 Manufacturing IT 2 40 ITES 15 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 17: New Solutions Released
NEW SOLUTIONS RELEASED 01 02 03 04 05 Redmine to Azure Canarys Parent Canarys Portfolio Bugzilla to Azure Canarys Date DevOps Migrator Auto Close Kanban DevOps Migrator Validator Migrate your Redmine Extension will auto close Offers a centralized Helps you move the Azure DevOps Extension artifacts t
Slide 18: New Solutions Released
NEW SOLUTIONS RELEASED 06 07 08 09 10 Assembla to Jira Jira to Azure DevOps SAP Cloud ALM to Canarys RollUp Canarys Work Item Migrator Issues Synchronizer Azure DevOps Link Validate Integrator Migrate ticket from Jira to Azure DevOps Issue Seamless collaboration Rollup of efforts of child Azure DevO
Slide 19: Order Booking & Revenue Details
ORDER BOOKING & REVENUE DETAILS ORDER BOOK As on 25-Jun-24 : 12,297 Lakhs GROWTH REVENUE ₹7,372.56 ₹7,449.26 ₹7,372.56 ₹7,449.26 FY 2021 FY 2022 FY 2023 FY 2024 3yr FY & Current Half-yearly ₹5,181.42 ₹5,181.42 ₹4,545.14 ₹4,348.08 REVENUE ₹3,771.31 ₹3,101.18 ₹2,827.42 ₹2,518.33 ₹2,518.33 ₹1,683.60 ₹1
Slide 20: Key Awards and Partnerships
KEY AWARDS AND PARTNERSHIPS Key Awards Key Partnerships Microsoft Partner DevOps Partner Karnataka Innovation Microsoft GitHub Verified SAP Silver Partner 2014 Partner of the year finalist 2017 & 2018 Partner of Leadership Award Gold Partner Partner Application Lifecycle the year finalist A National
Slide 21: State-of-the-Art Infrastructure
STATE-OF-THE-ART INFRASTRUCTURE World-Class Infrastructure 17K sq. ft. 24*7 Support premises centre Strong security Automated protocols (online & power backup physical) Biometric Restricted 24*7 Surveillance Access Infrastructure Facilities ✓ Conference Rooms ✓ Server Room ✓ Design Thinking Rooms ✓
Slide 22: What Differentiates Us?
WHAT DIFFERENTIATES US? Cutting Edge Proprietary Proven Existing Credentials Technology Canarys has successfully deployed Our extensive track record and developed technologies in the allows us to gain a space of RPA, AI, ML, DevOps competitive advantage in and our own proprietary DSS terms of reach,
Slide 23: Our Value Proposition
OUR VALUE PROPOSITION 22 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 24: Our Journey from Services to Solutions
OUR JOURNEY FROM SERVICES TO SOLUTIONS …..HIGH VAUE SOLUTION OFFERINGS With changing industry dynamics and deeper integration of technology in LEGACY SERVICE OFFERINGS TO….. major industries, we have evolved in our approach by offering highly value- added solutions for client problems In our 30+ yea
Slide 25: Experienced and Passionate Top Management
EXPERIENCED AND PASSIONATE TOP MANAGEMENT Board of Directors Raman Subba Rao Raghu Chandrashekhariah Sheshadri Srinivas Pushparaj Shetty Arun Danavadi K Chairman & Chief Financial Officer & Chief Executive Officer & Executive Director Whole Time Director – Managing Director Whole Time Director Execu
Slide 26: Experienced and Passionate Top Management
EXPERIENCED AND PASSIONATE TOP MANAGEMENT Independent Directors Muralikrishnana G Asha Sivashankar Ramesh Phatak Independent Director Independent Director Independent Director Over 20+ years of experience in managing 30+ years of experience in diverse industries 35+ years of experience in IT and tec
Slide 27: Our Robust Executive Leadership Team
OUR ROBUST EXECUTIVE LEADERSHIP TEAM Executive Leadership Team Sheshadri Srinivas Raghu Pavan Dr. Mahesha Pandit Nagraj Bhairaji Chief Executive Officer Chief Information Officer Chief Technology Officer Senior Vice President 20+ years of experience 27+ years of experience 15+ years of industry expe
Slide 28: 350+ Highly Skilled Team
350+ HIGHLY SKILLED TEAM Team Split by Total Years of Experience Team Split by Years of Experience with Canarys 4% 14% 6% 21% < 2 years < 2 years 49% 2 - 5 years 2 - 5 years 36% 5 - 10 years 41% 5 - 10 years 30% > 10 years > 10 years Team Split by Educational Qualifications Team Split by Department
Slide 29: Financials
FINANCIALS 28 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 30: Revenue Details
REVENUE DETAILS Total Revenue EBITDA Margin PAT Margin 16.13% 18.23% 12.72% 13.04%* 13.58% 10.87% 18.16% 8.68% 73.73 74.49 2021 2022 2023 2024 2021 2022 2023 2024 * Before ESOP 51.81 EBITDA PAT 13.39 13.58 9.38 9.72 25.17 8.36 5.63 2.18 2021 2022 2023 2024 3.42 2021 2022 2023 2024 Amounts in Cr. 202
Slide 31: Revenue Details
REVENUE DETAILS YOY YOY YOY YOY Particulars H2 2024 H1 2024 H2 2023 H1 2023 H2% H1% FY 2024 FY 2023 FY 2022 2024 % 2023 % Revenue from Water Resource Management 17.5 9.71 19 8.53 -7.88% 13.82% 27.21 27.53 23.87 -1.16% 15.34% Solution Revenue from Technology Solutions 25.98 21.3 26.46 19.74 -1.80% 7.
Slide 32: Revenue Details
REVENUE DETAILS Particulars FY 2024 FY 2023 FY 2022 FY 2021 a) Revenue from operations 74.49 73.73 51.81 25.17 b) Other income 1.21 0.83 0.48 0.17 Total Income 75.71 74.56 52.29 25.34 a) Cost of Consumption 19.14 21.74 15.44 6.77 b) Employee benefits expenses 30.6 29.64 19.73 12.05 c) Other expenses
Slide 33: Financial Details
FINANCIAL DETAILS Particulars FY 2024 FY 2023 FY 2022 FY 2021 Particulars FY 2024 FY 2023 FY 2022 FY 2021 I. EQUITY AND LIABILITIES II. ASSETS 1) Shareholders' funds 1) Non-current assets a) Property, Plant and Equipment and a) Share capital 14.36 9.28 9.28 7.11 Intangible assets i) Property, Plant
Slide 34: Our Focus
OUR FOCUS 33 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 35: Our Focus
OUR FOCUS Investment commitment in building Industry Solutions and Technology Solutions Build top notch technology AI and ML - Build Robust AI, and leadership team Data and ML based solutions Work with OEM's and align to their product / solution Value added business roadmap model B. Market Specific
Slide 36: Growth Strategy
GROWTH STRATEGY 35 © Canarys Automations Ltd. 2024 Private and Confidential
Slide 37: Our Growth Strategy & Vision 2028
OUR GROWTH STRATEGY & VISION 2028 Vision 2028 Key Strategies to Achieve Vision 2028 Category Leadership in 3-4 niche Technology Solutions Leadership in Modernization, Intelligence and Water Resource Management domain Global Presence across NA, EU, and APAC Canarys Strategies Shareholder Value Creati
Slide 38: Thank You
THANK YOU Canarys Automations Limited No. 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara, Banashankari 3rd Stage, Bengaluru 560085, Karnataka, India Phone: +91 80 2679 9915 Website: https://ecanarys.com/ Email: nagashree.hegde@ecanarys.com © Canarys Automations Ltd. 2024 Private and